The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support
to international institutions.

The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes
sound financial and economic decisions through community development and education programs.

May 4, 2018: The above data represent a more complete set of indicative rate and volume data for the Tri-Party General Collateral Rate, Broad General Collateral Rate and Secured Overnight Financing Rate than was available at the initial time of publication. Of note, it includes revisions to the bilateral repo transaction data (see Desk statement on 4/16/18 for more information) as well as updated three-month geometric averages of the three rates that more closely align with settlement conventions for USD OIS. These changes did not alter the author’s conclusions.